The Current Spring Appraisal EnvironmentIn this article based on a recently given talk I had given at the CT Property Owner Association's monthly meeting, I was asked to give the investment community some thoughts and ideas of how local investors view the marketplace, how the appraisal community is being viewed and what steps appraisers are undertaking in such a hostile lending environment. I was asked to prepare some remarks about the current state of the appraisal profession, how loans are fairing, the current valuation process and how it affects all of you, as investors, property owners and the general public, in doing business in this presently uncertain economy.
Uncertainty has been in the air since the beginning of 2008 and rapidly became more present with the collapse of Lehman Brothers and when Bear Stearns was taken over. The collapse then became more apparent when the sub-prime loans that were going bad were more fully exposed and how these banking instruments brought down so many economic safety factors. Escalating foreclosures, less credit-worthy borrowers, both personal and corporate/business, and many of these financial institutions have further halted the growth of the economy. So much has changed globally, with our real estate world being a dominant part of the banking world.
If we study a particular niche of the market through research, (town records, Multiple Listing Services or other data resources),we can look at market trends for single and multi-family housing, land, larger properties, net-leased properties and the various other types, in c...
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Why Work With Us?
Top 10 Reasons to Work With Us
1. Financing - Are you trying to obtain a lower interest rate on your mortgage? Are you in the process of buying a home?
2. Home for Sale by Owner - You need information and estimates of value in marketing your property to prospective buyers.
3. Tax appeals - An appraisal presented to your town or city assessor's office can assist you in reducing your yearly property taxes.
4. Divorce, Bankruptcy, Probate matters - Our appraisers can provide reports on real estate and when necessary provide corroborating expert court testimony as to value. Some of our appraisers have 20 or more years of experience testifying in all eight Connecticut counties and have appeared in federal court cases.
5. Development and Rehabilitation - Determining the best and highest use of a parcel or property. A need may arise for real estate owners seeking to change or improve the use of their real property. Are you looking to develop a land parcel or rehabilitate a commercial or mixed-use property? Have you had fire, water or smoke damage with an insurance claim? Our office can help.
6. Transfer of Ownership or Change in Percentages in Joint Ownership - Our appraisers can estimate value and provide advice during such transitions. Our expertise also extends to tax deferred 1031 property exchanges.
7. Comparable Marketing Analysis (CMA) - When a CMA is not enough, an objective appraisal analysis is needed using the most up to ...
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TESTIMONY FROM CLIENTS:Marc was thorough and professional. He was willing to give advice above and beyond what was required. DR.
Thank you for all the hard work. It certainly is complete , I had to read through it twice to get the full body of everything you put into it. I would certainly highly recommend your services. It has been a pleasure doing business with you. BOB
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| | The Company |  | |
Marc Gottesdiener & Co., Inc. has been in business continuously since the early 1980's (and incorporated in March 1984) in order to create real estate services for our clients and customers with a diversified range of expertises. We specialize in commercial and residential appraisal. The company also offers services of buyer brokerage and listing of commercial and residential property. Marc Gottesdiener is available for consultation concerning investing and developing of real estate. Marc has testified in court concerning property values since the early 1990's in various types of small and large properties of all types-both residential and commercial. Additionally, the company performs property management services for residential and mixed-use units in mostly Connecticut.
Marc Gottesdiener & Co., Inc. is fully staffed with professionals offering a variety of backgrounds. Most of the team has been involved in appraisal work, real estate or property management for a number of years with most team members holding licenses for both appraisal work and brokerage totalling over 8 decades.
Over the years the company has creatively and diligently worked to represent our clients to provide excellence at an affordable price to accomplish the goals requested. We strive to assist our customers, clients, tenants, partners and the public to render quality and integrity.
The company has been located at 177 Buckingham Street in Hartford since 1999, over a decade after Marc purchased the property pictured on this web site.
TO LEARN MO...
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Specializing in: Commercial and Residential Real
Estate Appraisals Apartments and Commercial Space for Rent Property Management Buyer Brokerage Property Listings and Representation 1031 Exchanges Client-Based Real Estate Consultation
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Marc Gottesdiener |  | |
Marc is a real estate professional with over thirty two years of extensive real estate and project management background. Known for appraising, negotiating a wide range of transactions, counseling people to understand the real estate situation, creating win-win transactions to close deals, and for tenacious persistence to handle a variety of real estate properties. His expertise includes:
Negotiating and Closing Deals Appraising and TestifyingPerforming Due DiligenceCreative 1031 ExchangingManaging and Marketing PropertyLeasing and Selling a wide range of PropertiesTelecommunication site Buyer Brokerage Services
Marc was in the real estate telecommunications business for six years. During that time he negotiated and creatively crafted over 50 new build-to-suit cellular tower locations and wireless telecommunication sites throughout mostly CT. Marc has negotiated full cycle projects commencing with consultation and moving through the cycle of RFP's (Request for Proposals) zoning, coordinating with municipal departments, building owners, state agencies, non-profit organizations and other private and public telecommunications real estate companies.
After working for real estate agencies in the area, he established Marc Gottesdiener & Co., Inc. in 1981 and incorporated the business in 1984....
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